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Artificial Intelligence
Yokoy's AI model detects and validates VAT on all invoices and receipts.
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Accounting preparation
Yokoy automatically prepares the accounting journal for correct accounting and VAT reclaim.
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Never lose money again
Your company will no longer lose forgotten VAT reclaims.
VAT taxes domestic consumption. Since it would be too complicated to settle each consumption of each citizen directly with the state, the tax is collected from companies. They, in turn, pass on the VAT to consumers by including the tax in the price or on the invoice.
The VAT can be reclaimed if it concerns services that are used for the own company (such as expenses or supplier invoices). This is the so-called input tax. VAT can also be reclaimed on services purchased abroad.
Yokoy's AI model automatically detects VAT on receipts and invoices, validates them and prepares the accounting journal for correct accounting and VAT reclaim. Yokoy sends all relevant VAT data to our customers' ERP system to ensure recovery. For all VAT that cannot be reclaimed directly for legal reasons (e.g. no tax registration in the respective countries), Yokoy offers standard integrations together with partners. Through these, the data is sent to third-party providers who handle the reclaim for the end customer.
Save money, time and nerves with Yokoy! All spending processes are automated with artificial intelligence.
“Reclaiming VAT is also worthwhile for startups. For example, Yokoy was able to reclaim over CHF 10,000 in 2020! For many of our customers, Yokoy makes it possible to completely amortize the costs of the software already through the VAT reclaim.”
Thomas Inhelder, CFO Yokoy
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Subscription Management
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Modern audit protocols ensure compliance with local auditing standards in Switzerland, Austria, Germany, the US and many more.
Submit expenses directly on your mobile phone or web app - anywhere, anytime - even offline.
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Lump-sums are automatically calculated based on your internal guidelines.
Yokoy directly feeds in your card transactions, matches them with the receipts and does the reconciliation work for you.
Automated spend reporting and real-time policy checking, thanks to cutting-edge AI technology.
All expenses are reviewed and validated by the Yokoy AI engine, so that you only need to look at special cases manually.
Manage expenses on behalf of your manager(s) or delegate tasks and assign deputies on behalf of you.
Data encryption and protection are key aspects of Yokoy, including GDPR compliance, permission-based access policies and Single Sign On (SSO) using the SAML/OAuth standard.
Create spending reports and analysis dashboards to have the overview you always wanted.
